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Updated almost 4 years ago on . Most recent reply

Account Closed's profile image
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Account Closed
  • from Bronx, NY
  • Member since Feb 3, 2020
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Account Closed's profile image
Account Closed's profile image
Account Closed
  • from Bronx, NY
  • Member since Feb 3, 2020
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Account Closed
  • Bronx, NY
27
Votes |
94
Posts
Creative Real Estate Financing

Financing rental property

Account Closed
  • Bronx, NY
Posted

I was thinking about using an unsecured loan to obtain a rental property. Are there anything I should be aware of before I obtain it. Is it wise to do so. I've only use conventional loans in the past so I'm a little gun shy. Thanks in advance

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Chris Teti's profile image
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Chris Teti
  • Real Estate Investor
  • from Southern NJ
  • Member since Jan 24, 2017
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Chris Teti's profile image
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Chris Teti
  • Real Estate Investor
  • from Southern NJ
  • Member since Jan 24, 2017
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Chris Teti
  • Real Estate Investor
  • Southern NJ
68
Votes |
188
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Chris Teti
  • Real Estate Investor
  • Southern NJ
Replied

You are just going to pay higher rates than one secured with the property. I would recommend using the unsecured loan to secure the property with the goal to refinance out.

  • Chris Teti
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